Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Avitas Wealth Management LLC

Avitas Wealth Management LLC boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,997 shares of the conglomerate’s stock after acquiring an additional 294 shares during the quarter. Avitas Wealth Management LLC’s holdings in Honeywell International were worth $4,547,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in HON. Allspring Global Investments Holdings LLC raised its holdings in Honeywell International by 12.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 162,774 shares of the conglomerate’s stock worth $33,409,000 after purchasing an additional 18,300 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Honeywell International by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 71,522 shares of the conglomerate’s stock worth $14,679,000 after buying an additional 325 shares in the last quarter. E&G Advisors LP acquired a new stake in shares of Honeywell International in the 1st quarter valued at approximately $209,000. Norden Group LLC lifted its holdings in Honeywell International by 2,574.1% in the first quarter. Norden Group LLC now owns 38,988 shares of the conglomerate’s stock valued at $8,004,000 after acquiring an additional 37,530 shares during the period. Finally, Kovack Advisors Inc. grew its stake in shares of Honeywell International by 21.1% during the 1st quarter. Kovack Advisors Inc. now owns 3,682 shares of the conglomerate’s stock worth $756,000 after purchasing an additional 642 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HON has been the subject of several recent analyst reports. Bank of America reiterated a “neutral” rating and issued a $230.00 price objective (down previously from $250.00) on shares of Honeywell International in a research note on Thursday, October 24th. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Monday. Royal Bank of Canada lowered their price target on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a report on Friday, October 25th. Citigroup dropped their price objective on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, Morgan Stanley began coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International has an average rating of “Hold” and a consensus price target of $223.73.

Honeywell International Stock Down 0.1 %

HON opened at $205.98 on Wednesday. The firm has a market cap of $134.13 billion, a P/E ratio of 23.87, a PEG ratio of 2.45 and a beta of 1.03. The business’s fifty day simple moving average is $207.65 and its 200 day simple moving average is $205.65. Honeywell International Inc. has a 52 week low of $176.60 and a 52 week high of $222.98. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is currently 52.38%.

Honeywell International Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.